Morgan Stanley Maintains Overweight on Amazon.com, Raises Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak maintains an Overweight rating on Amazon.com (NASDAQ:AMZN) and raises the price target from $215 to $220.

May 01, 2024 | 12:10 pm
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POSITIVE IMPACT
Morgan Stanley has maintained its Overweight rating on Amazon.com and increased the price target from $215 to $220.
The upgrade in the price target by a reputable analyst like Brian Nowak at Morgan Stanley is a strong positive signal for Amazon.com. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100